Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 212,396 The Trade Desk, Inc. (NASDAQ:TTD)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 212,396 shares of the technology company's stock, valued at approximately $24,963,000.

Other institutional investors have also made changes to their positions in the company. Lyell Wealth Management LP increased its holdings in shares of Trade Desk by 24.3% during the 4th quarter. Lyell Wealth Management LP now owns 98,339 shares of the technology company's stock worth $11,558,000 after acquiring an additional 19,204 shares during the last quarter. Yousif Capital Management LLC grew its holdings in Trade Desk by 5.4% in the 4th quarter. Yousif Capital Management LLC now owns 5,856 shares of the technology company's stock valued at $688,000 after buying an additional 300 shares in the last quarter. Allworth Financial LP grew its holdings in Trade Desk by 46.3% in the 4th quarter. Allworth Financial LP now owns 5,470 shares of the technology company's stock valued at $660,000 after buying an additional 1,732 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in Trade Desk by 17.9% in the 4th quarter. Vontobel Holding Ltd. now owns 13,020 shares of the technology company's stock valued at $1,530,000 after buying an additional 1,974 shares in the last quarter. Finally, BOCHK Asset Management Ltd grew its holdings in Trade Desk by 271.3% in the 4th quarter. BOCHK Asset Management Ltd now owns 116,600 shares of the technology company's stock valued at $13,704,000 after buying an additional 85,200 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on TTD. Guggenheim decreased their price objective on Trade Desk from $110.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Cantor Fitzgerald decreased their price objective on Trade Desk from $115.00 to $100.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Wedbush reaffirmed an "outperform" rating and issued a $86.00 price objective (up from $80.00) on shares of Trade Desk in a report on Friday, May 9th. JMP Securities decreased their price objective on Trade Desk from $115.00 to $100.00 and set a "market outperform" rating on the stock in a report on Friday, May 9th. Finally, Oppenheimer upped their price objective on Trade Desk from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Seven analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $97.12.

Insider Activity

In related news, Director David B. Wells sold 28,638 shares of Trade Desk stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.88, for a total transaction of $2,287,603.44. Following the sale, the director now directly owns 66,985 shares in the company, valued at approximately $5,350,761.80. This trade represents a 29.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey Terry Green sold 26,684 shares of Trade Desk stock in a transaction on Monday, May 12th. The stock was sold at an average price of $80.03, for a total value of $2,135,520.52. Following the sale, the chief executive officer now owns 17,018 shares in the company, valued at $1,361,950.54. This trade represents a 61.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 9.72% of the company's stock.

Trade Desk Trading Down 1.2%

NASDAQ TTD traded down $0.92 during trading hours on Friday, hitting $73.96. 6,878,665 shares of the company's stock were exchanged, compared to its average volume of 6,037,489. The stock has a 50-day simple moving average of $59.81 and a 200 day simple moving average of $90.51. The Trade Desk, Inc. has a 1-year low of $42.96 and a 1-year high of $141.53. The firm has a market cap of $36.69 billion, a price-to-earnings ratio of 94.82, a PEG ratio of 3.11 and a beta of 1.29.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its earnings results on Thursday, May 8th. The technology company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. The business had revenue of $616.02 million during the quarter, compared to analysts' expectations of $575.62 million. During the same quarter last year, the firm posted $0.26 earnings per share. The firm's revenue was up 25.4% on a year-over-year basis. On average, sell-side analysts anticipate that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its Board of Directors has approved a share buyback program on Wednesday, February 12th that allows the company to buyback $564.00 million in outstanding shares. This buyback authorization allows the technology company to repurchase up to 0.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

About Trade Desk

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.